A seafood processing line. The agricultural sector has maintained growth in the first half of this year despite facing difficulties. — Photo cafef.vn The agricultural sector has maintained growth in the first half of this year despite facing difficulties, especially the African swine fever epidemic which had a heavy impact on the domestic animal husbandry sector. Deputy Minister of Agriculture and Rural Development Phung Duc Tien made the statement at a press conference on June 17 about the sector’s production and business in the first half of the year. In the first six months of the year, the sector’s agricultural production value was estimated at 2.7-2.9 per cent higher than the same period last year. Of which, growth reached 1.68 per cent in farming, 4.53 per cent in forestry and 6.5 per cent in fisheries. According to the Ministry of Agriculture and Rural Development (MARD), the total export value of agricultural, forestry and fishery products in the first six … [Read more...] about Agricultural sector sees production and business growth in H1
Bgf business growth fund
An architectural masterpiece has turned Sapa, Vietnam into one of the world’s most heavenly destinationsWise steps in investing in renewable energy sector in VietnamHongkong Land unveils its latest luxury project in the heart of District 1Visit Phu Quoc to discover the world-class gastronomy cuisine with Michelin Starred ChefVinpearl Becomes A Pioneer Applying Face Recognition Technology In Tourism And Hotel Industry In Vietnam Following the success of Swisstouches La Luna Resort project in the coastal city of Nha Trang, La Quang Binh – Chairman of La Luna Holdings cum Chairman of Marina Hotel JSC – launched a business expansion strategy that includes a series of other large-scale projects. He shared his bold development strategy for his business. Mr. La Quang Binh– Chairman of La Luna Holdings 2018 marked a big step forward for La Luna Holdings, Marina Hotel JSC and Swisstouches La Luna Resort Nha Trang. Among these successes, what do you see as the … [Read more...] about La Luna Holdings accelerates business growth in 2019
A report from the Ho Chi Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium- and long-term loans. — Photo vietnambiz.vn A report from the Ho Chi Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium- and long-term loans. The report named lenders such as Agribank, Military Bank, Sacombank, VP Bank and ACB as adjusting their rates upwards in the last two months. The interest rate hikes are said to be the first sign of the central bank trying to reduce money supply to fight inflation. According to experts from the Ministry of Planning and Investment’s National Centre for Socio-economic Information and Forecast, inflation and exchange rates remain under control but are under great pressure, and so prudent … [Read more...] about Tight monetary policy: where can businesses find funds?
Local SMEs see technology as top enabler for business growthBy Le Hoang Many small and medium-sized enterprises (SMEs) in Vietnam have prioritized technology to ensure business growth – PHOTO: HUNG LE HCMC - Small and medium-sized enterprises (SMEs) in Vietnam have prioritized technology for investment to ensure business growth, according to the ASEAN SME Transformation Study conducted by United Overseas Bank (UOB), EY and Dun & Bradstreet. The study found that close to three in five Vietnamese SMEs (58%) favor investments in technology over traditional areas such as factories or machinery as they seek growth opportunities in the digital economy. Of these SMEs, Up to 71% indicated they would invest in software such as mobile applications or digital marketing as they believe these will create better customer experiences and increase customer loyalty. Hardware and infrastructure investments ranked second at 64%. The investment priorities of Vietnamese SMEs are echoed … [Read more...] about Local SMEs see technology as top enabler for business growth
Illustrative Image (Source: VNA) Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) has, in coordination with ministries, sectors and agencies, carried out various activities so far this year to push administrative procedure reform, creating a supportive environment for business operation and startups. A recent VCCI report stated that the agency has engaged in the process of ensuring enterprises’ business rights and equality in accessing business resources and opportunities. The VCCI has gathered opinions of the business community and made contributions to the building of many important legal documents, including the law on the revision and supplementations to some articles of the Law on Handling of Administrative Violations, the Law on Urban Management, and the revised Tertiary Education Law. At the same time, the VCCI has held many seminars, conferences, meetings and dialogues to collect ideas and propose policies to the Party and State on how to … [Read more...] about VCCI works to facilitate business growth